Steve Saretsky

That goes into a series of different funds they allocated to a couple of different places to help support Canadian content.

But in some ways, the bigger story took place just over the last week or so, where the CRTC came up with part two of that decision in which they said that was just the first.

That was almost like the down payment.

Here's the rest.

And the rest is now an extra 10 percent of their Canadian revenues.

For the most part, not going to funds.

There's a small amount that does.

But most of it instead is the CRTC basically directing where foreign capital has to go and the conditions that arise as part of that.

So they say you've got to take a chunk of that money and you have to strike deals with Canadian-based producers of film and television.

The Canadian based producers have to be independent.

You can't own them or anything like that.

So no self-dealing, but even more, they've got to own the copyright.

So you've got to invest, but you can't own the ultimate product.

And no surprise, we've got a lot of streamers who aren't too happy about that.

There is one other element that let me quickly just put on the table.

And that has to do with this issue of discoverability, which was a big issue back then too.

This question of, you know, what would the CRTC do to try to

encourage greater visibility of Canadian content.

And they've now given a bigger hint about what they plan to do.

So this is certainly going to be a big part of the mandate.